Annaly Capital Management, Inc. Promotes Ilker Ertas to Chief Investment Officer

 

Ilker Ertas

NEW YORK, NY --(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) has promoted Ilker Ertas to Chief Investment Officer effective immediately.

He will continue to report to David L. Finkelstein, Annaly’s Chief Executive Officer and a member of the Company’s Board of Directors, who previously held the role of Chief Investment Officer since 2016.

As Chief Investment Officer, Ertas will be responsible for overseeing all of Annaly’s investment strategies including capital allocation, growth initiatives and overall portfolio operations. He will continue to serve as a member of Annaly’s Operating Committee.

David L. Finkelstein, Chief Executive Officer, commented: "...I’ve worked with Ilker for over two decades and I am confident in his ability to manage our investment strategies and deliver a strong return for our shareholders.”

Ertas received a B.S. in Industrial Engineering from Bogazici University in Istanbul, Turkey and a M.B.A. from the Yale School of Management.

CONTACT:

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

investor@annaly.com

Source: Annaly Capital Management, Inc